Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $22 per pound and 0.30 direct labor hour at $30 per hour. Overhead is assigned at the rate of $60 per direct labor hour. QS 21-5 (Algo) Standard cost card LO P2 Prepare a standard cost card for a baseball bat for BatCo. (Round your final onswers to 2 decimal places.) Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $22 per pound and 0.30 direct labor hour at $30 per hour. Overhead is assigned at the rate of $60 per direct labor hour. QS 21-6 (Algo) Total Cost variances LO P2 Assume the actual cost to manufacture 100 bats is $7,900.00. Compute the total cost varlance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting fovorable, unfavorable, or no variance.)